2. Confirmation bias is the mother of all misconceptions. - Deepstash
2. Confirmation bias is the mother of all misconceptions.

2. Confirmation bias is the mother of all misconceptions.

It is a tendency to interpret new information so that it becomes compatible with our existing theories.

Warren Buffet has seen people losing money with this because they ignore facts that contradict the theory in the mind of the investor.

Disconfirming evidence must be sought out to beat this theory.

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